ARC Resources (TSE:ARX) had its target price decreased by Barclays from C$19.00 to C$16.00 in a research report issued on Wednesday. Barclays’ target price indicates a potential upside of 18.34% from the company’s current price.

A number of other research firms have also recently weighed in on ARX. Raymond James Financial lowered their price objective on shares of ARC Resources from C$25.00 to C$24.50 and set a “strong-buy” rating for the company in a research report on Tuesday, November 14th. National Bank Financial lowered their price objective on shares of ARC Resources from C$17.50 to C$17.00 and set a “sector perform” rating for the company in a research report on Friday, November 10th. CSFB lowered their price objective on shares of ARC Resources from C$23.00 to C$21.00 in a research report on Tuesday, November 14th. BMO Capital Markets lowered their price objective on shares of ARC Resources from C$20.00 to C$19.00 in a research report on Tuesday, October 10th. Finally, Eight Capital increased their price objective on shares of ARC Resources from C$22.00 to C$22.50 in a research report on Monday, November 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$21.75.

ARC Resources (ARX) traded down C$0.36 during trading hours on Wednesday, hitting C$13.52. 1,927,848 shares of the company were exchanged, compared to its average volume of 1,037,793. The stock has a market cap of $4,780.00, a PE ratio of 9.94 and a beta of 0.63. ARC Resources has a 1 year low of C$13.20 and a 1 year high of C$21.83.

ARC Resources (TSE:ARX) last posted its quarterly earnings data on Thursday, November 9th. The oil and gas exploration company reported C$0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.08 by C$0.06. ARC Resources had a net margin of 18.86% and a return on equity of 5.33%.

In other ARC Resources news, Director Myron Maurice Stadnyk bought 5,000 shares of ARC Resources stock in a transaction on Thursday, December 7th. The shares were bought at an average cost of C$14.73 per share, for a total transaction of C$73,650.00. Also, insider Bevin Mark Wirzba acquired 3,555 shares of ARC Resources stock in a transaction dated Monday, December 18th. The stock was purchased at an average price of C$14.10 per share, for a total transaction of C$50,125.50. Over the last quarter, insiders have acquired 10,100 shares of company stock worth $148,326.

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ARC Resources Company Profile

ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No.

Analyst Recommendations for ARC Resources (TSE:ARX)

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